Madix, Inc

Goldman Sachs Group | January 15, 2020

Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected fall in quarterly profit on Wednesday as the Wall Street bank set aside more money to cover legal costs for the 1MDB corruption scandal, overshadowing a rebound in its trading business. The bank set aside $1.09 billion in the fourth quarter ahead of an expected settlement that could touch $2 billion or more. Goldman’s full-year earnings took a hit of $3.16 per share from the provision. The legal woes come at a time when Chief E...

Investment Management

Mastercard | October 21, 2021

Mastercard today announced a new supply chain finance capability within Track Business Payment Service (Track BPS) – designed to increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid Launched in partnership with Demica, a leading global provider of supply chain finance technology, this new offering empowers Mastercard partners to provide their business customers with access to affordable wo...

SoftBank | June 24, 2020

SoftBank has come under renewed scrutiny about its investment strategy but this time it’s about one of the Japanese tech conglomerate’s lesser-known bets. Last year, the company made a 900 million euros ($1 billion) investment in Wirecard, as part of a broader tie-up between the two on digital payments. But that deal has raised eyebrows now due to a deepening accounting crisis at the German payments processor....

Fintech

Envestnet | June 19, 2021

Envestnet | Yodlee, a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today unveiled an enriched developer experience. The new offering builds off Envestnet | Yodlee's popular platform to advance the embedded finance ecosystem by accelerating the ability for developers to create hyper-personalized and actionable financial wellness experiences. The new Developer Portal comes on the heels of 1500% growth ov...